Compared to other new technologies, artificial intelligence has been around for a while now. However, that has had no impact on its efficacy or potential; in fact, it has only been rendered increasingly important in the world around us, especially in the context of companies and their endeavors to help people. Don’t believe it? Well, recent studies have shown that over 40 percent of digitally sound companies already use AI as an integral part of their business strategy. Not only that — researchers have also found that as many as 83 percent of companies believe AI is critical to the success of their endeavors to ensure their business growth. There is no doubt that AI has proven to be a champion for all industries across the globe.
But one is bound to wonder in which particular context it stands to help. Of course, in countless aspects; but, its application in the context of enterprise resource planning has been particularly interesting, especially now that they are deemed central to the seamless operations of any company in the modern age. AI can help further ameliorate this aspect of the business in more than one impact way; for example, it can assist companies with data optimization, i.e. ensuring all their data is not only updated but also optimized and complete. ERP solutions fortified with AI are also able to help companies close any gaps between various departments within the organization, empower executives to make sound, data-driven decisions, and so much more.
Now, let us take an in-depth look at some of the other benefits of this duo of ERP systems and AI.
- Improved decision making: Of course, making informed decisions is crucial to the success of any business. The union of AI and ERP solutions can help in this regard by, first, helping you better handle and process your data. It then uses this data to make accurate analysis and forecasts — such information can then be used to drive informed decisions in the interest of the company. So, be it audience segmentation, marketing strategies, logistics, or storage — you can rest assured that the quality of decisions will be decidedly better.
- Cut down costs: A key goal for any company, at any given point in time, is to ensure a viable reduction in its costs. While that is easier said than done, one does end up saving considerably when you integrate the ERP with AI, meaning you no longer need an individual team to deal with the ERP any longer. Plus, it also offers detailed reports about investments, possible opportunities for savings, etc.
- Better customer experiences: Yet another vital concern for any company is to improve its customers’ experiences. Unfortunately, this has been quite a challenge as customers’ demands and expectations evolve continually. AI-driven ERP solutions, then, offer solutions such as chatbots that can quickly learn from the company’s data and then use it to improve customers’ journeys and experiences with the brand.
Integrating AI may seem like a mammoth task, but remember all that you stand to gain from it. Automated workflows, advanced predictive analytics, better employee productivity, etc. — you get the drift. Plus, when you find a trusted provider for enterprise software development services, you will also have the requisite expertise that will further serve to ensure the success of your endeavor to fortify your ERP solution with AI.